Report finds branch-based banking may become obsolete within five years
A report published by Temenos has found that 65% of global banking executives believe branch-based banking will be ‘dead’ within a five-year period.
Bari Bank introduces credit and debit card for children
Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.
UK-based Tide flows into India, commits £100m investment and over 1,000 jobs
UK banking platform Tide kickstarted its international expansion strategy in India with a commitment to invest £100m and create 1000 jobs over the next five years.
India-based millennial and Gen Z-focussed money management FinTech Slice notches $20m
FinTech startup focused on millennials Slice raised $20m as a part of its fresh funding round led by existing investors Blume Ventures, and Gunosy Capital, as it looks to double down on its growth in the coming months.
Is there a need for globally mandated ESG reporting requirement?
As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?
Finastra survey finds financial industry see bright future for BaaS
A survey by FinTech giant Finastra has found banking-as-a-service (BaaS) is set to make a substantial impact on financial services over the next 12 months.
EBA report examines operating model for digital and open banking readiness
The Euro Banking Association’s (EBA) Open Banking Working Group has published a report that explores an operating model for banks on their way to digital readiness.
Mox, Mastercard team to launch new tool to simplify card payment process
Hong Kong virtual bank Mox has partnered with Mastercard to introduce a new tool that allows Mox users to flip between spending on an all-in-one debit and credit card.
Hong Kong could introduce mandatory climate disclosures as early as 2022, HKMA claims
The Hong Kong Monetary Authority (HKMA) is apparently planning to speed up proposals to require financial organisations to disclose their climate change-related financial risks.
BBVA executive raises digital euro concerns, questions customer demand
An executive from Spanish bank BBVA has highlighted concerns about a potential digital euro and questioned what customer demand it would meet.